Seal

Friday, October 18, 2013

Friday, October 18, 2013By Graeme MacKay, The Hamilton Spectator – Friday, October 18, 2013

World heaves sigh of relief as US barely averts debt default

Political leaders, investors and ordinary people Thursday welcomed the end of a U.S. government shutdown but already were looking ahead to the next round of a budget battle that brought the world’s biggest economy close to default and threatens Washington’s international standing.

From the MacKayCartoons BoutiqueThe deal approved late Wednesday by Congress, with hours to go before the government reached its $16.7 trillion debt limit, only permits the Treasury to borrow through Feb. 7 and fund government through Jan. 15. The International Monetary Fund appealed to Washington for more stable long-term management of the nation’s finances.
The standoff rattled global markets and threatened the image of U.S. Treasury debt as a risk-free place for governments and investors to store trillions of dollars in reserve.

Few expected a default but some investors sold Treasurys over concern about possible payment delays and put off buying stocks that might be exposed to an American economic downturn.

IMF managing director Christine Lagarde welcomed the deal but said the shaky American economy needs more stable long-term finances.

“It will be essential to reduce uncertainty surrounding the conduct of fiscal policy by raising the debt limit in a more durable manner,” Lagarde said in a statement.
The Tokyo stock market, Asia’s heavyweight, gained 0.8 percent Thursday. Markets in South Korea, Australia and Southeast Asia also rose.
Such relief might be only temporary without a long-term settlement, said Standard Chartered economist Samiran Chakraborty in Mumbai. (Source: Associated Press)

Friday August 17, 2012

By Graeme MacKay, The Hamilton Spectator, Friday August 17, 2012

Everyone Loves Horrific Scenes

A former employee of an aquatic animal park has given a damning account of the horrific conditions animals were forced to endure. 

Phil Demers resigned from Marineland in Niagara Falls, Ontario in May after 12 years as a senior trainer. He said a major reason for his departure was because the poor water conditions at the park had a catastrophic effect on the health of the seals, sea lions, walruses and dolphins.

‘The water had gotten so bad it was green, it was harming the animals, it smelled bad and it made the people who worked in this environment ill as well,’ he told the Toronto Star.

‘The chemicals we were using to try to maintain the water were really harming the animals.’ In revelations that have outraged animal right’s activists he said the he saw the dolphin’s skin was flaking off, and that they could not open their eyes.

Recalling the condition of Seal Lions Baker and Sander, he said that they could not even train them to open their eyes as ‘the damage was so extensive that when we finally saw it, it was just grotesque.’

He told how the trainers would pull the animals out of the water to dry conditions to try and alleviate the damage but said as a consequence not having access to fresh water also proved to be harmful for the animals.

‘Baker was writhing in pain, constantly shaking erratically, clutching his eyes shut,’ he said. 

He explained that Sandy did not move for weeks on end and to try and gain a monetary respite from the agony, Baker would constantly put his head into a bucket of fresh water. (Source: Daily Mail)